Amazon slumps as tech selloff worsens
Oct 28 (Reuters) – Amazon.com Inc’s (AMZN.O) shares tumbled about 13% in premarket trading, with the online retailer coming close to losing its spot in… Read More »Amazon slumps as tech selloff worsens
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Analysis: Tech wreck shows US megacaps not immune to corrosive Fed tightening
NEW YORK, Oct 28 (Reuters) – Disappointing earnings from the megacap companies that led markets higher for years are cratering their shares and sending a… Read More »Analysis: Tech wreck shows US megacaps not immune to corrosive Fed tightening
Tech giants feel pain as cloud spending cuts suggest slowdown
Oct 27 (Reuters) – In a further sign that large companies may be girding against an imminent recession, US tech giants Amazon.com (AMZN.O), Microsoft (MSFT.O)… Read More »Tech giants feel pain as cloud spending cuts suggest slowdown
Weak Amazon outlook another blow to tech-type growth shares
Oct 27 (Reuters) – Amazon.com Inc (AMZN.O) shares skidded as much as 21% after hours on Thursday after it forecast costs might eviscerate its profit… Read More »Weak Amazon outlook another blow to tech-type growth shares
Apple earnings a bright spot as inflation hits tech companies
Oct 27 (Reuters) – Apple Inc (AAPL.O) on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in… Read More »Apple earnings a bright spot as inflation hits tech companies
EU wants 40-man antitrust team to enforce new tech rules, official says
BRUSSELS, Oct 27 (Reuters) – EU antitrust regulators are looking to establish a 40-man team and hire a technology expert to enforce tough new rules… Read More »EU wants 40-man antitrust team to enforce new tech rules, official says
Tech rout widens as Meta sinks after results
Oct 27 (Reuters) – A carnage in US technology stocks widened on Thursday as shares of Meta Platforms Inc (META.O) sank 20% after the Facebook… Read More »Tech rout widens as Meta sinks after results
Nasdaq futures drop over 1% as weak tech earnings fan slowdown fears
Microsoft drops on dour forecast Alphabet warns of slowing ad spend Shares of ad-dependent social media firms fall Visa gains on Q4 profit beat as… Read More »Nasdaq futures drop over 1% as weak tech earnings fan slowdown fears
Big Tech tumbles as a result sound alarm bells
Oct 26 (Reuters) – Grim results from Alphabet Inc (GOOGL.O) and Microsoft Corp (MSFT.O) stoked fears of a global economic downturn and slammed the brakes… Read More »Big Tech tumbles as a result sound alarm bells
Tougher than expected PC market hits Microsoft Windows; cloud growth slows
Oct 25 (Reuters) – Microsoft Corp (MSFT.O) posted its slowest quarterly revenue growth in five years on Tuesday as the tough macroeconomic conditions hit PC… Read More »Tougher than expected PC market hits Microsoft Windows; cloud growth slows